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Number of Jan Dhan accounts crosses 55 crore, FM Sitharaman tells banks to reach out more

Number of Jan Dhan accounts crosses 55 crore, FM Sitharaman tells banks to reach out more

In a post on X, the Finance Minister said, "With the scheme completing 10 years and KYC being mandatory for these accounts, I have urged banks to proactively reach out to people and simplify this process. In this regard, starting from July 1, 2025, banks have launched this campaign, under which approximately 1 lakh Gram Panchayats have been covered so far." Aug 3, 2025
Indian startups raise $184.75 million this week

India's BHASKAR Platform Already Registers 1.97 Lakh Startups and Still Counting

The government is undertaking various outreach and awareness measures for BHASKAR across States/UTs to understand the requirement and experience of key user stakeholders, including small and micro-enterprises, said Minister of State for Commerce and Industry, Jitin Prasada, in a written reply in the Rajya Sabha. Aug 2, 2025
NSDL IPO issue oversubscribed by 15 times

NSDL IPO issue oversubscribed by 15 times

Non-institutional investors (NII) led the subscription race, overbooking their reserved section nearly 20 times. Employees booked their reserved portion nearly 10 times, while Retail Individual Investors (RII) subscribed nearly six times. QIBs subscribed to their allocated portion over three times. Aug 1, 2025
SC issues notice to RBI, ED, TRAI, states on plea to ban all betting apps

SC issues notice to RBI, ED, TRAI, states on plea to ban all betting apps

The petitioner, Dr K.A. Paul, claiming himself to be "a prominent social activist, humanitarian, and President of Global Peace Initiative, which is dedicated to promoting peace and justice globally", said the plea was filed in the interest of millions of people and to protect the sanity and democracy in India by banning "illegal" betting apps. Aug 1, 2025
Swiggy

Swiggy's losses nearly double in Q1 to Rs 1,197 crore

Swiggy's overall EBITDA loss also increased to Rs 954 crore, compared to Rs 544 crore in the same quarter previous year. However, the food and grocery delivery major recorded a 53.9 per cent jump in its revenue from operations to Rs 4,961 crore during the June quarter against Rs 3,222 crore in Q1 FY25. Jul 31, 2025
sensex nifty

Indian stock market defies US tariffs threat; settles slightly lower

Sensex ended the session at 81,185.58, down 296.28 points or 0.36 per cent. The 30-share index opened the trading with a significant fall at 80,695.50 against the last session's closing of 81,481.86. The index showed some resiliency, erasing early gains and returning in green in the afternoon, hitting an intraday high at 81,803.27 amid buying in the consumer sector. However, it did not hold up the momentum in the closing hour due to a monthly expiry day. Jul 31, 2025
Centre aims to collect Rs 900 crore for BSNL, Rs 4,573 crore for MTNL via asset monetisation in FY26

Centre aims to collect Rs 900 crore for BSNL, Rs 4,573 crore for MTNL via asset monetisation in FY26

Union Minister of State for Communications, Pemmasani Chandra Sekhar, told the Rajya Sabha in a reply to a question that the assets monetisation is being done as per the revival packages approved by the Union Cabinet. The minister emphasised that there is no plan to shut down BSNL and MTNL, and the "proceeds of asset monetisation are being used in accordance with the approvals of the Union Cabinet". Jul 31, 2025
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